Aug 18, 2025 | Blog Posts, Tax Talk Tuesdays
Adoptive families now have access to expanded financial support thanks to significant updates to the federal Adoption Tax Credit, introduced through the One Big Beautiful Bill Act (OBBBA). These changes are designed to make adoption more affordable and accessible,...
Aug 12, 2025 | Blog Posts, Tax Talk Tuesdays
Taxpayers investing in clean energy manufacturing, industrial decarbonization, or critical materials processing may benefit from the Section 48C Qualifying Advanced Energy Project Credit—a powerful federal incentive that can offset up to 30% of eligible project costs....
Aug 5, 2025 | Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brought sweeping changes to the tax code. Among its many tax provisions, OBBBA expands the use of other accounting methods, including the completed contract method (CCM) of accounting for the...
Jul 28, 2025 | Tax Talk Tuesdays
The ability to deduct business interest expense is a significant tax benefit, especially for companies that rely on debt to fund operations and growth. However, that deduction has been subject to limits under Section 163(j) of the Internal Revenue Code, a provision...
Jul 21, 2025 | Tax Talk Tuesdays
For businesses looking to improve cash flow, manage tax liabilities, or adapt to growth, changing accounting methods can be a powerful strategy, especially in light of new IRS guidance and legislative updates. An accounting method determines how a company recognizes...
Jul 15, 2025 | Tax Talk Tuesdays
A Section 1031 exchange—named for the corresponding section of the Internal Revenue Code—remains a valuable tax-deferral tool for real estate investors in 2025. It allows for the deferral of capital gains taxes when an investment property is sold and the proceeds are...
Jul 8, 2025 | Tax Talk Tuesdays
The Advanced Manufacturing Production Credit (Section 45X), originally introduced by the Inflation Reduction Act of 2022, provides per-unit tax incentives to manufacturers producing and selling eligible clean energy components in the United States. With the recent...
Jul 1, 2025 | Tax Talk Tuesdays
Retirement today is about more than stopping work; it’s about starting the life you’ve been waiting to live. Today’s retirees are more active, purpose-driven, and eager to explore new possibilities. Whether it’s traveling the world, launching a passion project,...
Jun 24, 2025 | Tax Talk Tuesdays
When to start receiving Social Security benefits is one of the most important decisions in retirement planning. It has lasting implications for your income, taxes, and financial security. In 2025, changes in cost-of-living adjustments, taxation, and legislation such...
Jun 10, 2025 | Tax Talk Tuesdays
Bonus depreciation has provided businesses, particularly manufacturers, with a powerful tax-saving opportunity by allowing them to deduct a large portion of qualified asset costs in the year of purchase. However, this deduction may phase out, making strategic planning...
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